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Bengaluru based manufacturing platform Zetwerk has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), according to sources aware of the development. The proposed IPO is expected to comprise a mix of a fresh issue of sha

Options for Everyone How the National Stock Exchange of India built the world’s busiest equity derivatives market Note: I am in Miami this weekend. After that there is a 64% chance I will be in Atlanta and then a 37% chance I will be in New York. If you are in any of those cities

Private chefs are making up to $300,000 a year, and butlers can earn as much as $180,000 as the wealthy hire more household staff to manage their increasingly complex lives, according to a new study. Demand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeur

Ahead of its ₹11,693-crore initial public offering, SBI Funds Management Ltd has raised ₹1,655 crore from 30 marquee investors, said a late Thursday stock exchange notification. State Bank of India has entered into share purchase agreements to divest 1.42% of its holding in its s

The recently listed Waterways Leisure Tourism, one of India's leading domestic ocean cruise operators, on Friday announced that its Board of Directors has approved a 1:10 stock split. Under the proposal, one equity share with a face value of ₹10 will be subdivided into 10 equity

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Mumbai: Indian equities staged a sharp comeback on Friday as better-than-expected earnings from Tata Consultancy Services (TCS) and easing geopolitical concerns revived investor sentiment after a turbulent week dominated by renewed US-Iran hostilities and higher oil prices. Analy

European cloud provider Scaleway has acquired Qarnot, a specialist in high-performance computing (HPC) for engineering, simulation, and research workloads. The acquisition will enable Scaleway to add dedicated HPC capabilities to its cloud and AI platform. Terms of the deal were

Australian data center developer NextDC has raised another AU$500 million (US$347 million) in senior debt facilities, building on AU$1.8 billion (US$1.25bn) of commitments announced in May. The upsize brings the total of the new senior debt facilities to AU$2.3bn (US$1.6bn). Upon

A number of companies, betting on various architectural approaches, are trying to build the first commercially viable quantum computer capable of significantly outperforming current systems. Oratomic, which entered the race earlier this year with the goal of developing the first

Tencent is reportedly in talks to acquire Manus from Meta, following Beijing intervention — company expects to remain independent of Chinese tech giant Manus is effectively cut off from Meta, but someone still has to pay back the $2 billion it spent on the startup. Meta’s surpris

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As Netflix searches for new ways to keep viewers engaged amid signs of slowing engagement, the streaming giant appears to be exploring yet another avenue: always-on live TV channels. According to The Wall Street Journal, Netflix is considering launching live channels that continu

Listen to this article in summarized format Goldman Sachs said in a recent memo that its policy prohibits staff from participating in event-based contracts linked to financial markets and political events that could create real or perceived conflicts of interest with the bank, it

Federal Reserve Chairman Kevin Warsh, who is making a point of getting to the point in his new role, did just that in his first news conference as chairman on June 17. "Persistently high prices are a burden for the American people," he said. But one thing he left out about nation

Infrastructure providers, particularly data centers, are poised to be among the biggest beneficiaries of the AI boom as businesses and consumers rapidly adopt the technology for applications ranging from software coding and robotics to everyday tasks such as shopping and planning

Listen to this article in summarized format Brent futures were up 4 cents, or 0.05%, at $76.34 a barrel by 0319 GMT. U.S. West Texas Intermediate (WTI) crude gained 7 cents, or 0.10%, to $72.15. For the week, Brent was set for a gain of about 6% and WTI was headed for about a 5%

Off the Wire Press Releases The acquisition of Qarnot enhances Scaleway’s portfolio with dedicated high performance computing (HPC) capabilities, and brings together two European companies united by a shared commitment to technological independence, open technologies and a more s

Shares of Meta Platforms surged nearly 7.5% in Friday's trade (10 July), climbing to $677 on the Nasdaq and extending its winning streak to a second straight session after a Reuters report said the company is planning to begin manufacturing its own artificial intelligence (AI) ch

SpaceX has filed an application with the Federal Communications Commission (FCC) for authorization on up to 100,000 new third-generation Starlink satellites. The company aims to launch the first machines in the 1Tbps constellation in the second half of 2026, just six months after

Lightpath has announced it will provide its fiber infrastructure to support two hyperscale data center campuses under construction. The company noted that each campus is planned to exceed one gigawatt of capacity. The campuses are located in Saline, Michigan, and Port Washington,

SK hynix raises a record $26.5 billion in historic U.S. IPO — South Korean memory giant to fund massive HBM manufacturing expansions The offering was more than seven times oversubscribed SK hynix has completed the largest-ever foreign company IPO in U.S. history, raising $26.5 bi

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The EU announced on Friday that Meta must overhaul Facebook’s and Instagram’s addictive design features or face a fine. The tech giant is in breach of the Digital Services Act by focusing on features like infinite scroll, autoplay, push notifications, and highly personalized reco

Yinka’s view Just as African capitals were working out the cost of the US-Iran war, the prospect of renewed fighting has returned. That should worry policymakers across the continent. The IMF’s latest World Economic Outlook says the biggest casualties from another disruption to t

AWS Compute Blog Secure code execution for AI agents with AWS Lambda MicroVMs Development teams building serverless applications with AI coding agents face the question of how to let those agents generate and execute code without losing control over governance. Agent-generated co

Florida man Angelo Martino has been sentenced to more than five years in prison for conspiring with hackers to deploy ransomware during his job as a ransomware negotiator for a U.S. cybersecurity company. The U.S. Department of Justice confirmed the sentence on Thursday, noting t

Homegrown catnip oil lotion is just as effective as DEET at repelling mosquitoes, according to a new study in Uganda. Researchers found that 6% catnip oil lotion was just as good at repelling mosquitoes as the main ingredient in widely used brands. Commercial repellents featuring

Protesting Ebola health workers in the DR Congo alleged that they haven’t been paid for their work, putting efforts to contain the virus spread further at risk. African health authorities have warned that the latest outbreak is the “fastest-growing” ever; medics in DR Congo were

Contract manufacturing platform Zetwerk and defence imaging company Tonbo Imaging have received approval from the Securities and Exchange Board of India (Sebi) to launch their public offerings. Zetwerk received observations from Sebi on 9 July and Tonbo Imaging on 6 July, accordi

ServiceTitan has somewhat quietly become one of the most important vertical software stories of the past decade. It sells an end-to-end operating system to the trades: HVAC, plumbing, electrical, roofing, garage doors. And it just crossed a $1B revenue run rate the hard way: by g

Nigeria’s competition watchdog said it will investigate Big Tech firms over alleged anti-competition practices and unauthorized use of news content. The probe, announced this week, is the second major inquiry in three years against global tech firms undertaken by Nigeria, and poi

Nigeria rejected the International Monetary Fund’s finding that the country has engaged in extra-budgetary public spending that distorts its deficit levels, blaming poor interpretation of its financial reporting method for the misunderstanding. Even as it broadly praised Nigeria’

Swedish investment firm EQT has acquired Copia Power, a developer of integrated energy and digital infrastructure campuses, from Carlyle. The deal will see EQT’s ongoing infrastructure fund EQT Infrastructure VII take full control of the company. The acquisition amount was not di

Microsoft has seen its carbon emissions rise by 25 percent Year-on-Year, driven predominantly by data center expansion. In its latest Environmental Sustainability Report, the company reported that its Scope 1, 2, and 3 emissions reached 20.29 million metric tons of CO2e, up from

Open source AI is booming, according to Hugging Face CEO Clem Delangue. The company has grown into something like a GitHub for AI in recent years, where AI builders can share and download open models and datasets, now used by roughly half the Fortune 500. Delangue has seen the sa

Siemens has partnered with hydrogen fuel cell developer FuelCell Energy to support the development of fuel cell-based power generation, targeting data centers as a crucial offtaker. The companies signed a non-binding Memorandum of Understanding (MoU), under which Siemens will des

US stock markets traded largely flat on Friday as South Korean semiconductor giant SK Hynix rallied in its debut on Nasdaq. At 11:57 a.m. ET, the Dow Jones Industrial Average rose 110.06 points, or 0.21%, to 52,597.47, the S&P 500 gained 9.75 points, or 0.13%, to 7,553.35 and the